QuinStreet, Inc. (NASDAQ:QNST) Sees Large Growth in Short Interest

QuinStreet, Inc. (NASDAQ:QNST) was the target of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 2,917,908 shares, an increase of 36.8% from the January 29th total of 2,132,704 shares. Approximately 5.4% of the company’s stock are sold short. Based on an average daily trading volume, of 1,400,082 shares, the short-interest ratio is presently 2.1 days. Based on an average daily trading volume, of 1,400,082 shares, the short-interest ratio is presently 2.1 days. Approximately 5.4% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Lake Street Capital set a $15.00 price objective on QuinStreet in a research note on Friday, February 6th. Barrington Research reissued an “outperform” rating and issued a $24.00 price target on shares of QuinStreet in a research report on Friday, February 6th. Weiss Ratings upgraded shares of QuinStreet from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 9th. Finally, B. Riley Financial upped their price objective on shares of QuinStreet from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, January 7th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $24.00.

QuinStreet Trading Down 1.3%

NASDAQ QNST traded down $0.15 during trading on Monday, reaching $11.57. The company’s stock had a trading volume of 554,546 shares, compared to its average volume of 868,136. The stock has a market capitalization of $659.42 million, a PE ratio of 10.61 and a beta of 0.70. QuinStreet has a 1-year low of $10.28 and a 1-year high of $19.75. The business has a 50-day moving average price of $13.31 and a 200-day moving average price of $14.36.

QuinStreet (NASDAQ:QNST) last announced its quarterly earnings results on Thursday, February 5th. The technology company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.21 by $0.03. QuinStreet had a net margin of 5.64% and a return on equity of 9.55%. The company had revenue of $287.85 million for the quarter, compared to analyst estimates of $275.07 million. During the same quarter in the prior year, the business posted $0.20 EPS. QuinStreet’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts expect that QuinStreet will post 0.12 earnings per share for the current year.

Institutional Trading of QuinStreet

Several large investors have recently made changes to their positions in QNST. Farther Finance Advisors LLC raised its stake in shares of QuinStreet by 10.2% in the 4th quarter. Farther Finance Advisors LLC now owns 7,896 shares of the technology company’s stock valued at $113,000 after acquiring an additional 730 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in QuinStreet by 8.2% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,622 shares of the technology company’s stock valued at $235,000 after purchasing an additional 1,109 shares during the last quarter. Entropy Technologies LP raised its position in shares of QuinStreet by 10.0% in the third quarter. Entropy Technologies LP now owns 14,063 shares of the technology company’s stock valued at $218,000 after purchasing an additional 1,284 shares during the period. Captrust Financial Advisors lifted its stake in shares of QuinStreet by 0.8% in the fourth quarter. Captrust Financial Advisors now owns 173,144 shares of the technology company’s stock worth $2,488,000 after buying an additional 1,379 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of QuinStreet by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,983 shares of the technology company’s stock worth $571,000 after buying an additional 1,381 shares during the period. Institutional investors own 97.83% of the company’s stock.

QuinStreet Company Profile

QuinStreet, Inc operates a technology-based performance marketing platform that connects companies with prospective customers across multiple verticals. The company specializes in data-driven lead generation for financial services, education, insurance, healthcare, and home services firms. By leveraging proprietary targeting algorithms and real-time analytics, QuinStreet manages customized digital marketing campaigns to optimize customer acquisition and retention for its clients.

Through a portfolio of consumer-facing websites and comparison platforms, QuinStreet delivers targeted visitors who are actively researching products and services.